SC stays transfer of land to Singur farmers
There is only Lose - Lose for people of Bengal.
This is start of long legal battle for TaTa's. In this battles lines are drawn and I know the final result, the people of Bengal will lose.This battle of Titan and Czars is not going to any where and will take years and many more projects in the offing in Bengal will go sae fate. There will be no new industrial project in near future and no development because nothing can happen without land. The Battle willgoon. The development will lose.
This will increase migration of Bengal Peoples towards more affluentcitiees of Mumbai and Delhi where they are not wecomes and many times face actions in their own ation and atrociteis. What kind of nation are we really want to build. Alread other industrial sites are under pressures including site of NTPC power plant and pressure will build on industry.
This is no vctory and there is no win-win.
There is only Lose - Lose for people of Bengal.
Wednesday, June 29, 2011
Sunday, June 26, 2011
Didi Ka Band Baja
LAND ISSUES LEAVE TRINAMOOL IN A FIX
Didi Ka Band Baja ( Sisters Band)
Da Ki Roshanai ( Brothers Lighting)
Diggiraja ki Dance Party ( Diggi's Dance Party)
Yuraj Ka hai Rajyabhishek
Amma, Bahanji Tum bhi Aana
Nyota Tumhe Hamane Diya
Tumhare Bagair Rajyabhishe Hai Adhoora
Agali Bar Mil Ke Ladenge
These are my lines for Indian Political Scene. This is difficult for other to understand written with local dialects and meaning.
Land struggle — a Pandora ’sbox the Mamata Banerjee-led Trinamool Congress (TMC) opened while in the Opposition — has landed the party in a fix, with TMC now on the ruling side.
After the state assembly passed the Singur Land Rehabilitation and Development Bill, 2011, last week, there are demands from unwilling farmers for returning their land, acquired in projects such as Burdwan health city, Siliguri satellite township and the NTPC power plant at Katwa. Kick-started by the TMC, the land agitations at these sites are taking a new turn now.
Soon after the Bill was passed in the assembly, agitators stalled work at Burdwan health city site, causing trouble for the authority. The health city is being developed in a publicprivate partnership by the Burdwan Development Authority and the Bengal Faith Health Care (BFHC), a special purpose vehicle promoted by CES Infratech and Faith Health Care, aCES group company.
“On May 14, about 300-400 people rushed to our project site and stopped work completely. Some 70-80 farmers were unwilling to give their land and, reportedly, they even rejected the cheques, but no major agitation had happened till the government ’sdecision. Now, we have been thrown out of the site. Even the outpatient unit, operational with four specialist doctors, is not being allowed to work,” said a BFHC official. The company was planning to start full operations from October this year. However, the plans seem to have been derailed by “Banerjee ’sSingur Bill”.
According to reports, about 84 farmers had turned down cheques issued in exchange for 23 acres of the land acquired in 2005 for the project in Goda. For the `1,200-crore project, 57 acres of land was acquired from more than 350 owners and BFHC has already invested `50 crore. The TMC, which went on adamage-control mode, sent Rabiranjan Chatterjee, technical education minister, to the site to speak to the unwilling farmers.
“He came up with some suggestions, including returning the land and demanding more compensation. In the wake of all this, only time can prove what will happen to the project,” the official said.
All is also not well at the proposed satellite township in the Kawakhali-Porajhar area in Siliguri, where acquisition of 320 acres of land started in 2004. The protests were spearheaded by Congress leader and member of parliament from Raniganj, along with the TMC and the Revolutionary Socialist Party.
“We have given compensation and allotted 800-odd plots to those losing their land. There were some people who were unwilling to part with their land and are protesting to have it back. The matter is with the court now,” said D K Roy, assistant town planner of Siliguri Jalpaiguri Development Authority, which is planning the project.
Meanwhile, TMC itself was planning a Singur re-run at the Katwa power plant site, where top leaders like Saugata Ray, Purnendu Bose and Sovan Chatterjee paid a visit. The unwillingness to acquire land from those unwilling to sell seems to be a hindrance for this `9,600crore project for a 1,600-mega watt NTPC plant. The public sector undertaking had taken over the Katwa project from the West Bengal Power Development Corporation Ltd, which had acquired 387 of the 1,035 acres required for the project last year.
According to sources, Banerjee, who heads the power ministry herself, will not allow acquiring more than 600 acres of land. “There needs to be some openeness from the government for the project to continue,” complained a top NTPC official.
On the other hand, Saugata Ray, a member of parliament who once headed the campaign through the Save Farmland Committee, said, “A lot will depend on the ground situation. People in Katwa never wanted further acquisition of land.” In Katwa, 1,033 acres of land belong to 4,600 farmers and not many were willing to give their land even for the first phase of the project. Matters have worsened after the Singur Bill.
However, for the TMC, it seems a ghost from the past has started to haunt them now.
After the Singur Land Rehabilitation and Development Bill, 2011 was passed, there have been demands from unwilling farmers for the return of their land acquired for projects across the state
Didi Ka Band Baja ( Sisters Band)
Da Ki Roshanai ( Brothers Lighting)
Diggiraja ki Dance Party ( Diggi's Dance Party)
Yuraj Ka hai Rajyabhishek
Amma, Bahanji Tum bhi Aana
Nyota Tumhe Hamane Diya
Tumhare Bagair Rajyabhishe Hai Adhoora
Agali Bar Mil Ke Ladenge
These are my lines for Indian Political Scene. This is difficult for other to understand written with local dialects and meaning.
Land struggle — a Pandora ’sbox the Mamata Banerjee-led Trinamool Congress (TMC) opened while in the Opposition — has landed the party in a fix, with TMC now on the ruling side.
After the state assembly passed the Singur Land Rehabilitation and Development Bill, 2011, last week, there are demands from unwilling farmers for returning their land, acquired in projects such as Burdwan health city, Siliguri satellite township and the NTPC power plant at Katwa. Kick-started by the TMC, the land agitations at these sites are taking a new turn now.
Soon after the Bill was passed in the assembly, agitators stalled work at Burdwan health city site, causing trouble for the authority. The health city is being developed in a publicprivate partnership by the Burdwan Development Authority and the Bengal Faith Health Care (BFHC), a special purpose vehicle promoted by CES Infratech and Faith Health Care, aCES group company.
“On May 14, about 300-400 people rushed to our project site and stopped work completely. Some 70-80 farmers were unwilling to give their land and, reportedly, they even rejected the cheques, but no major agitation had happened till the government ’sdecision. Now, we have been thrown out of the site. Even the outpatient unit, operational with four specialist doctors, is not being allowed to work,” said a BFHC official. The company was planning to start full operations from October this year. However, the plans seem to have been derailed by “Banerjee ’sSingur Bill”.
According to reports, about 84 farmers had turned down cheques issued in exchange for 23 acres of the land acquired in 2005 for the project in Goda. For the `1,200-crore project, 57 acres of land was acquired from more than 350 owners and BFHC has already invested `50 crore. The TMC, which went on adamage-control mode, sent Rabiranjan Chatterjee, technical education minister, to the site to speak to the unwilling farmers.
“He came up with some suggestions, including returning the land and demanding more compensation. In the wake of all this, only time can prove what will happen to the project,” the official said.
All is also not well at the proposed satellite township in the Kawakhali-Porajhar area in Siliguri, where acquisition of 320 acres of land started in 2004. The protests were spearheaded by Congress leader and member of parliament from Raniganj, along with the TMC and the Revolutionary Socialist Party.
“We have given compensation and allotted 800-odd plots to those losing their land. There were some people who were unwilling to part with their land and are protesting to have it back. The matter is with the court now,” said D K Roy, assistant town planner of Siliguri Jalpaiguri Development Authority, which is planning the project.
Meanwhile, TMC itself was planning a Singur re-run at the Katwa power plant site, where top leaders like Saugata Ray, Purnendu Bose and Sovan Chatterjee paid a visit. The unwillingness to acquire land from those unwilling to sell seems to be a hindrance for this `9,600crore project for a 1,600-mega watt NTPC plant. The public sector undertaking had taken over the Katwa project from the West Bengal Power Development Corporation Ltd, which had acquired 387 of the 1,035 acres required for the project last year.
According to sources, Banerjee, who heads the power ministry herself, will not allow acquiring more than 600 acres of land. “There needs to be some openeness from the government for the project to continue,” complained a top NTPC official.
On the other hand, Saugata Ray, a member of parliament who once headed the campaign through the Save Farmland Committee, said, “A lot will depend on the ground situation. People in Katwa never wanted further acquisition of land.” In Katwa, 1,033 acres of land belong to 4,600 farmers and not many were willing to give their land even for the first phase of the project. Matters have worsened after the Singur Bill.
However, for the TMC, it seems a ghost from the past has started to haunt them now.
After the Singur Land Rehabilitation and Development Bill, 2011 was passed, there have been demands from unwilling farmers for the return of their land acquired for projects across the state
Fuel price hike to push inflation into double-digit: PMEAC
Do India needs Petrol and Diesel Subsidies?
If we look at India's Subsidies budget, it s going up very fast. Because of these subsidies most of the major developmental initiatives are going no whee. Investment in Development of Agriculture Infrastructure and Investment in Water mnagement along with Railway Connectivity, Road and Airport developemt which can change india's landscape are way behind the schedule?
To whom really government want to subsidies? The rich middle cost, who can afford car of INR 1 million or may be more? Why? For what?
These subsidies are killing the development must be relook at?
instead of giving Fuel Subsidies government should invest in Public Transportation system. This will stop wastage and give long awaited speed to development?
The whole issue of subsidies and the way they are given must be re looked at? The way number of vehicles are increasing in India? How much subsidies this government afford to give?
There shouldnot be free bies of luxury?
India needs to invest much more in Health, Education and transporation along with agriculture.
If we look at India's Subsidies budget, it s going up very fast. Because of these subsidies most of the major developmental initiatives are going no whee. Investment in Development of Agriculture Infrastructure and Investment in Water mnagement along with Railway Connectivity, Road and Airport developemt which can change india's landscape are way behind the schedule?
To whom really government want to subsidies? The rich middle cost, who can afford car of INR 1 million or may be more? Why? For what?
These subsidies are killing the development must be relook at?
instead of giving Fuel Subsidies government should invest in Public Transportation system. This will stop wastage and give long awaited speed to development?
The whole issue of subsidies and the way they are given must be re looked at? The way number of vehicles are increasing in India? How much subsidies this government afford to give?
There shouldnot be free bies of luxury?
India needs to invest much more in Health, Education and transporation along with agriculture.
Thursday, June 23, 2011
Let There be cleanup.
Euro Crisis: Derivatives Cloud the Possible Fallout From a Greek Default - CNBC
In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders.
The looming uncertainties are whether these contracts — which insure against possibilities like a Greek default — are concentrated in the hands of a few companies, and if these companies will be able to pay out billions of dollars to cover losses during a default.
In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders.
The looming uncertainties are whether these contracts — which insure against possibilities like a Greek default — are concentrated in the hands of a few companies, and if these companies will be able to pay out billions of dollars to cover losses during a default.
Is America a Friend?
Please have a look at following incidents and tell me if America is Friend or Not?
This Friend of Dear Prime Minister, for this he put his government on test and ditched long time trusted friend.
America can be best friend of Mr. Prime Minister and his team( I call them Team ManMohan), prominent among them is Montek Singh.
Government unhappy with US response to troubles of Indian diplomats.
NEW DELHI: Reacting to the forced labour suit brought against Indian consul general in New York Prabhu Dayal , the government here protested against what it called the targeting of the country's diplomats in the US, subtly cautioning that it could sour public opinion and have repercussions for ties. Trashing as "motivated and baseless" the charge that Dayal forced his Indian domestic help to work like a slave, the foreign ministry said, "We are disappointed and deeply concerned that Indian diplomats and their family members should be targeted in such a manner in a friendly country like the US." It added, "Such actions impede the ability of the individuals in question to discharge their official responsibilities as well as cause untold mental harassment and anguish. These incidents cannot be dismissed lightly."
India to issue another warning to US on hike of professional visa fees
NEW DELHI: India will issue yet another warning to the United States on the non-compatibility of the recent hike in professional visa fees and imposition of additional import taxes on government purchases with World Trade Organisation, or WTO, rules. Commerce and industry minister Anand Sharma will take up the issue with US Trade Representative Ron Kirk later this week. "We are seriously pursuing the issue with the US government as we feel that both the measures violate global trade rules. The minister will discuss the issue at length with the USTR," a commerce department official told ET. Sharma is scheduled to meet Kirk in Washington DC on Wednesday.
India had issued a non-paper or an informal communication to the US earlier this year stating that both the measures, that were part of the country's attempt to fund its enhanced border security plan and health programme for 9/11 victims, flouted multilateral trade norms of the WTO. The US, however, is yet to respond to the communication. "The minister will try to drive home the point that we are not willing to let go of the issue as the measures have a significant negative impact on Indian business," the official said, adding that the commerce ministry is in consultation with WTO lawyers and is preparing the ground for filing a case if required. The US increased professional visa fees (H-1B and L-1 visa) by a minimum $ 2,000 for all US-based companies that have more than half of their employees on such visas till 2015. It would mostly affect Indian IT firms, like Infosys and Wipro , and is expected to cost them $200 million annually.
Sari Situation: Indian Ambassador Pat Down
The Indian government is fuming this week after its ambassador to Washington was subjected a TSA pat-down at a Mississippi airport.
"This is unacceptable to India," said External Affairs Minister SM Krishna, according to the BBC. "We are going to take it up with the U.S. government, and I hope things could be resolved so that such unpleasant incidents do not recur."
According to the Indian embassy in Washington, Ambassador Meera Shankar was selected for secondary screening Dec. 4 at the Jackson-Evers International Airport, where she was catching a flight to Baltimore after attending a conference at Mississippi State University.
A university official quoted the ambassador as vowing never to return to Mississippi as a result of the incident, according to the Associated Press.
"The U.S. State Department has reached out to the ambassador and has regretted what had happened," Virander Paul, a spokesman for the Indian embassy, told ABC News.
Some reports have suggested that Ambassador Shankar was selected for the hands-on pat-down because she was wearing a sari, a traditional Indian wrap-around dress. Today, the Transportation Security Administration defended the actions of its officers.
TSA : Indian woman ambassador to US patted down and ill-treated in Mississippi airport
The security check procedure i.e. TSA being followed in US Airports is being criticized by the air passengers in US. Now, the Indian Ambassador to the US Meera ShankarShankar, the top most diplomat of India in US, was subjected to this rigorous security check of being patted down, despite her diplomatic status. This incident has created a public outcry in India. She was pulled from an airport security line and patted down by an American security agent at the Jackson- Evers International Airport Mississippi despite being told of her diplomatic status on December 4. The sari-clad Indian woman diplomat felt humiliated as she was subjected to the hands-on search.
This incident happened even when Shankar presented her diplomatic papers to officers and was escorted by a Mississippi Development Authority representative and an airport security officer. She was about to board a flight to Baltimore after attending the Mississippi State University's programme.
The Clarion-Ledger security agents told Meera Shankar she was singled out because she was wearing a sari, which the paper notes is as "a traditional Indian robe that is draped across the body." As the airport does not yet have full-body scanner, she was subjected to the thorough pat-down.
Another Indian diplomat 'patted down' at airport
New Delhi, Dec 13 (IANS) India has taken up the issue of another of its senior diplomats being 'patted down' at an American airport, this time involving India's permanent representative to United Nations Hardeep Puri.
"I have taken it up with the US authorities. And the matter is at that stage," External Affairs Minister S.M. Krishna told reporters after the second such incident surfaced Monday. Hardeep Puri was asked to remove his turban during a security check at Houston, and was also kept in a 'holding room' for over half an hour, despite showing his diplomatic credentials."Secretary of State, Mrs. Hillary Clinton, has also given an indication to the fact that they are going to revisit some of these procedures, particularly with reference to diplomatic corps of other countries," added Krishna.The latest incident comes just two days after the US deputy chief of mission Donald Lu was summoned by New Delhi to protest against a similar 'pat down' of the Indian envoy Meera Shankar this month.Lu was summoned to the Ministry of External Affairs Saturday and conveyed India's "strong concerns" over the "pat down" search that Meera Shankar was subjected to at the Jackson-Evers International Airport Dec 4 after her visit as a guest of the Mississippi State University.According to the Jackson Clarion-Ledger, Shankar was singled out from a group of 30 passengers and pulled aside. Witnesses told the paper that she was chosen as she was wearing a sari, and was patted down despite her diplomatic passport.Krishna had described Shankar's experience as "unacceptable". "We are going to take it up with the government of US that such unpleasant incidents do not recur," the minister had told reporters outside parliament Thursday.He had said there were "certain well-established conventions, well-established practices as to how members of diplomatic corps are treated in a given country". US Under Secretary of State for Political Affairs William Burns had even made a personal call to Shankar to apologise for the incident.Former Indian diplomats have reacted to the latest incident by pointing out that there should be reciprocal treatment of foreign envoys in India."The issue is not just of diplomats, but also of our Sikh brethren, whose issue we had taken up several times," former Indian ambassador to US, Ronen Sen told Times Now television channel.
Barack Obama targets outsourcing again
WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama on Friday asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way.
"We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference here.
His remarks came close on the heels of the Ohio state governor passing an executive order to ban outsourcing, a development that has raised concerns in India which is often described as the world's back office.
Obama calls outsourcing to India unfair practice
Washington: Accusing US companies outsourcing business to India of following unfair business practices, President Barack Obama says his proposal to tax firms shipping jobs overseas was only intended to provide a level playing field.
"If you are a business here, entirely located in the United States, and investing in the United States, and hiring workers in the United States, you are paying a 35 percent rate," he said in an Oval office interview with Bloomberg/Businessweek.
"If you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the United States, that just doesn't seem entirely fair," Obama said.
"The same is true where you have companies that have 90 percent of their sales in the United States, but are posting 90 percent of their profits overseas."
"You get a sense there that the accountants have been busy," he said, suggesting that these companies were taking unfair advantage of current tax laws.
Obama said taking note of "some legitimate concerns" about a similar proposal last year, "we made modifications around some of these proposals."
China, India are grabbing future jobs: Obama
US risks losing out to India, China: Obama
I do not see anything friendly in these events. If Team ManMoham sees friendly ties, then nation has ( India) has right to see differently. These are definitely no friendly incidents.
This Friend of Dear Prime Minister, for this he put his government on test and ditched long time trusted friend.
America can be best friend of Mr. Prime Minister and his team( I call them Team ManMohan), prominent among them is Montek Singh.
Government unhappy with US response to troubles of Indian diplomats.
NEW DELHI: Reacting to the forced labour suit brought against Indian consul general in New York Prabhu Dayal , the government here protested against what it called the targeting of the country's diplomats in the US, subtly cautioning that it could sour public opinion and have repercussions for ties. Trashing as "motivated and baseless" the charge that Dayal forced his Indian domestic help to work like a slave, the foreign ministry said, "We are disappointed and deeply concerned that Indian diplomats and their family members should be targeted in such a manner in a friendly country like the US." It added, "Such actions impede the ability of the individuals in question to discharge their official responsibilities as well as cause untold mental harassment and anguish. These incidents cannot be dismissed lightly."
India to issue another warning to US on hike of professional visa fees
NEW DELHI: India will issue yet another warning to the United States on the non-compatibility of the recent hike in professional visa fees and imposition of additional import taxes on government purchases with World Trade Organisation, or WTO, rules. Commerce and industry minister Anand Sharma will take up the issue with US Trade Representative Ron Kirk later this week. "We are seriously pursuing the issue with the US government as we feel that both the measures violate global trade rules. The minister will discuss the issue at length with the USTR," a commerce department official told ET. Sharma is scheduled to meet Kirk in Washington DC on Wednesday.
India had issued a non-paper or an informal communication to the US earlier this year stating that both the measures, that were part of the country's attempt to fund its enhanced border security plan and health programme for 9/11 victims, flouted multilateral trade norms of the WTO. The US, however, is yet to respond to the communication. "The minister will try to drive home the point that we are not willing to let go of the issue as the measures have a significant negative impact on Indian business," the official said, adding that the commerce ministry is in consultation with WTO lawyers and is preparing the ground for filing a case if required. The US increased professional visa fees (H-1B and L-1 visa) by a minimum $ 2,000 for all US-based companies that have more than half of their employees on such visas till 2015. It would mostly affect Indian IT firms, like Infosys and Wipro , and is expected to cost them $200 million annually.
Sari Situation: Indian Ambassador Pat Down
The Indian government is fuming this week after its ambassador to Washington was subjected a TSA pat-down at a Mississippi airport.
"This is unacceptable to India," said External Affairs Minister SM Krishna, according to the BBC. "We are going to take it up with the U.S. government, and I hope things could be resolved so that such unpleasant incidents do not recur."
According to the Indian embassy in Washington, Ambassador Meera Shankar was selected for secondary screening Dec. 4 at the Jackson-Evers International Airport, where she was catching a flight to Baltimore after attending a conference at Mississippi State University.
A university official quoted the ambassador as vowing never to return to Mississippi as a result of the incident, according to the Associated Press.
"The U.S. State Department has reached out to the ambassador and has regretted what had happened," Virander Paul, a spokesman for the Indian embassy, told ABC News.
Some reports have suggested that Ambassador Shankar was selected for the hands-on pat-down because she was wearing a sari, a traditional Indian wrap-around dress. Today, the Transportation Security Administration defended the actions of its officers.
TSA : Indian woman ambassador to US patted down and ill-treated in Mississippi airport
The security check procedure i.e. TSA being followed in US Airports is being criticized by the air passengers in US. Now, the Indian Ambassador to the US Meera ShankarShankar, the top most diplomat of India in US, was subjected to this rigorous security check of being patted down, despite her diplomatic status. This incident has created a public outcry in India. She was pulled from an airport security line and patted down by an American security agent at the Jackson- Evers International Airport Mississippi despite being told of her diplomatic status on December 4. The sari-clad Indian woman diplomat felt humiliated as she was subjected to the hands-on search.
This incident happened even when Shankar presented her diplomatic papers to officers and was escorted by a Mississippi Development Authority representative and an airport security officer. She was about to board a flight to Baltimore after attending the Mississippi State University's programme.
The Clarion-Ledger security agents told Meera Shankar she was singled out because she was wearing a sari, which the paper notes is as "a traditional Indian robe that is draped across the body." As the airport does not yet have full-body scanner, she was subjected to the thorough pat-down.
Another Indian diplomat 'patted down' at airport
New Delhi, Dec 13 (IANS) India has taken up the issue of another of its senior diplomats being 'patted down' at an American airport, this time involving India's permanent representative to United Nations Hardeep Puri.
"I have taken it up with the US authorities. And the matter is at that stage," External Affairs Minister S.M. Krishna told reporters after the second such incident surfaced Monday. Hardeep Puri was asked to remove his turban during a security check at Houston, and was also kept in a 'holding room' for over half an hour, despite showing his diplomatic credentials."Secretary of State, Mrs. Hillary Clinton, has also given an indication to the fact that they are going to revisit some of these procedures, particularly with reference to diplomatic corps of other countries," added Krishna.The latest incident comes just two days after the US deputy chief of mission Donald Lu was summoned by New Delhi to protest against a similar 'pat down' of the Indian envoy Meera Shankar this month.Lu was summoned to the Ministry of External Affairs Saturday and conveyed India's "strong concerns" over the "pat down" search that Meera Shankar was subjected to at the Jackson-Evers International Airport Dec 4 after her visit as a guest of the Mississippi State University.According to the Jackson Clarion-Ledger, Shankar was singled out from a group of 30 passengers and pulled aside. Witnesses told the paper that she was chosen as she was wearing a sari, and was patted down despite her diplomatic passport.Krishna had described Shankar's experience as "unacceptable". "We are going to take it up with the government of US that such unpleasant incidents do not recur," the minister had told reporters outside parliament Thursday.He had said there were "certain well-established conventions, well-established practices as to how members of diplomatic corps are treated in a given country". US Under Secretary of State for Political Affairs William Burns had even made a personal call to Shankar to apologise for the incident.Former Indian diplomats have reacted to the latest incident by pointing out that there should be reciprocal treatment of foreign envoys in India."The issue is not just of diplomats, but also of our Sikh brethren, whose issue we had taken up several times," former Indian ambassador to US, Ronen Sen told Times Now television channel.
Barack Obama targets outsourcing again
WASHINGTON: Stepping up his campaign against outsourcing, US President Barack Obama on Friday asserted his administration would offer tax benefits only to those firms which will create jobs in the country, a move that may hit Indian IT firms in a big way.
"We believe on tax breaks for those firms that create jobs in the US. So we are beginning to do that," Obama said at a press conference here.
His remarks came close on the heels of the Ohio state governor passing an executive order to ban outsourcing, a development that has raised concerns in India which is often described as the world's back office.
Obama calls outsourcing to India unfair practice
Washington: Accusing US companies outsourcing business to India of following unfair business practices, President Barack Obama says his proposal to tax firms shipping jobs overseas was only intended to provide a level playing field.
"If you are a business here, entirely located in the United States, and investing in the United States, and hiring workers in the United States, you are paying a 35 percent rate," he said in an Oval office interview with Bloomberg/Businessweek.
"If you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the United States, that just doesn't seem entirely fair," Obama said.
"The same is true where you have companies that have 90 percent of their sales in the United States, but are posting 90 percent of their profits overseas."
"You get a sense there that the accountants have been busy," he said, suggesting that these companies were taking unfair advantage of current tax laws.
Obama said taking note of "some legitimate concerns" about a similar proposal last year, "we made modifications around some of these proposals."
China, India are grabbing future jobs: Obama
US risks losing out to India, China: Obama
I do not see anything friendly in these events. If Team ManMoham sees friendly ties, then nation has ( India) has right to see differently. These are definitely no friendly incidents.
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